In spite of Canada having the most educated workforce in the G7, our economy lost almost $13 billion over the past year due to a national labour and skill shortage. 43% of companies had to postpone or cancel capital projects because of the shortages, resulting in $5.4 billion in lost investment.

Many positions remain vacant due to a lack of candidates. Currently, there are over 1 million jobs employers can’t fill in Canada. Many positions remain vacant due to a lack of candidates. Employers are saying they can’t find those with the right skills or who live in places where they are hiring. The lack of job appliants has prevented some ompanies from increasing their production, sometimes even forcing them to reduce their operating hours.  Some employers are forced to “recruit less experienced staff or staff from another sector.

We know from experience the recovery lies in increasing the skills and adaptability of companies and workers.  Working across many sectors with businesses and organizations we’ve seen first hand how  training can be a remedy for those facing skill shortages. In some cases it has helped transform industry.

Now may be the time to invest in the development of skills for your workforce.